Dubai Group, part of the ruler of Dubai's personal empire, has cut half its staff of about 30 people as part of cost-cutting measures in its $10 billion restructuring, three sources told Reuters on Monday.
Among those to leave the firm is Chief Investment Officer Trevor Regan, who joined the company in December 2011, one of the sources said, speaking on condition of anonymity as the information is not public.
"We can confirm that a number of staff have been made redundant as part of the constant cost review process, this will not impact the management of our investment portfolio," a Dubai Group spokesman said in an emailed statement.
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